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Laos: Don’t use cryptocurrencies, central bank warns

The Bank of the Lao PDR has warned commercial banks, businesses and members of the public not to buy, sell or use cryptocurrency for money transactions as this practice is illegal. The central bank’s Transaction System Management Department recently issued the warning after learning that cryptocurrencies such as Bitcoin, Ethereum and Litecoin have been advertised […]

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Vietnam, Laos seek to boost connection between businesses

NDO – A cooperation agreement was inked between the Vietnam Business Association for Cooperation and Investment in Laos (Viet-Lao BACI) and the Young Entrepreneurs Association of Laos (YEAL) in Vientiane on May 14. Among attendants were Vietnamese Ambassador to Laos Nguyen Ba Hung, Deputy Secretary of the Lao People’s Revolutionary Youth Union (LPRYU) Central Committee […]

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Thai companies eye food business opportunities in Laos

VIENTIANE (Vientiane Times/ANN) – The Thai companies PTT (Lao) Co., Ltd. and Zixgar Group Ltd. are looking at food business opportunities in Laos with a focus on travellers and office workers as their main customers. This sector is particularly appealing after the explosion in the number of coffee cafés, according to a government official. A Memorandum […]

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South Korean power company eyes opportunities in Laos PDR

The Korea Electric Power Corporation (Kepco) hopes to expand its power equipment business as well as explore other avenues of cooperation with Laos’ energy sector. A business meeting between representatives of Laos’ Ministry of Energy and Mines, Electricite du Laos (EDL), and Kepco as well as related sectors from Lao and the Republic of Korea […]

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Laos backs China-led BRI trade infrastructure expansion

President Bounnhang Vorachit has voiced the Lao government’s support for the China-led Belt and Road Initiative, saying the global project will help to transform Laos from being landlocked into a land link. Speaking at a session of the Second Belt and Road Forum for International Cooperation in Beijing last weekend, the president said the Belt […]

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